“‘The numbers are spectacular,’ said Shaw Wu of Kaufman Bros. in an e-mail. ‘They were able to post very strong results despite an inventory drawdown on the iPhone 4 — looks like they managed the iPhone 3GS to 4 transition smoother than expected,'” Gallagher reports. “For the quarter ended June 27, the company reported earnings of $3.25 billion, or $3.51 per share, compared with earnings of $1.83 billion, or $2.01 per share, for the same period the previous year. Revenue jumped 61% to $15.7 billion.”
“Analysts were expecting earnings of $3.11 per share on revenue of $14.75 billion, according to consensus forecasts from Thomson Reuters,” Gallagher reports. “Apple sold 3.27 million iPads for the period — roughly in line with the units predicted by analysts. Mac sales totaled 3.47 million units compared with expectations for 3.2 million units. ‘The Mac number is the most impressive,’ said Colin Gillis of BGC Partners. ‘One of the points we’ve been trying to make is that there is a virtuous circle going on with Apple, as customers who are exposed to the iPhone and iPad also want a Mac.'”
Gallagher reports, “For the fourth fiscal quarter, Apple said it expects revenue of $18 billion with earnings of $3.44 per share. Analysts had been expecting revenue of $3.82 per share on revenue of $17.03 billion. Wu of Kaufman Bros. called the revenue forecast ‘surprisingly upbeat’ for the company, but said the earnings guidance was ‘typically conservative.'”
Full article here.
Like I posted on a previous article. The only phone that got great signals all the time was a LG Migo child phone. It had two external antennas.
I am not a troll bashing Apple (I’ve been a customer for 22 years…can you say that?)… I am just trying to consider ALL OF THE FACTS. —kneugent
Actually, I’ve been an Apple customer for over 25 years, but that’s not the point. What you so smoothly refer to as “facts” are mostly based on the accusations of Apple bashers with a healthy dash of anecdotal hysteria thrown in. The facts, such as they are, are few and not very interesting. This story is a classic example of “making a mountain out of a molehill”.
Everybody with half a brain knows that journalism as practiced on the internet is mostly a game of jumping to conclusions as fast as possible in order to invent catchy headlines that draw viewers to your website. Facts have very little to do with the process. And everybody knows this, but most people turn stupid when they see even the most outrageous accusations in print. Suddenly those absurd, baseless notions acquire the illusion of merit, and the rest of the story unfolds.
@ alansky:
Well said. One half of my brain completely agrees with you. The other half is embarrassed for not seeing your the merit of your obvious and well stated point in the first place.